LOS ANGELES—Pebblebrook Hotel Trust has acquired the Hotel Palomar Los Angeles, Westwood for $78.7 million. The 264-unit hotel is a Kimpton Hotel and Restaurant-managed property, and will remain a Kimpton-managed property through the change in ownership. This is the company’s fifth California hotel purchase and its 10th Kimpton Hotel purchase.

According to Jon Bortz, chairman and CEO of Pebblebrook Hotel Trust, the company purchased the property because it of its ideal location on the corner of Wilshire Blvd. and Selby Ave. and the “healthy economic environment in West Los Angeles, which has benefitted from increased international inbound travel, provides excellent long-term operating fundamentals for the hotel.”

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